investment

Some Chinese banks told to issue more loans for property projects – sources

Some Chinese banks have been told by financial regulators to issue more loans to property firms for project development, two…

4 years ago

Ericsson to buy cloud firm Vonage for $6.2 bln

Mobile telecoms equipment maker Ericsson (ERICb.ST) said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.

4 years ago

EXCLUSIVE Abu Dhabi’s ADNOC weighs IPO of logistics and services unit next year- sources

State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services,…

4 years ago

KKR makes $12 billion approach to take Telecom Italia private

Telecom Italia (TIM) (TLIT.MI) has received a 10.8 billion euro ($12 billion) approach from U.S. fund KKR (KKR.N) aimed at taking Italy's biggest phone…

4 years ago

Oil and euro slip, markets on edge over COVID-19 curbs in Europe

Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as…

4 years ago

Alibaba slashes sales outlook as competition bites, demand slows

Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), slashed its forecast for annual revenue growth on increased competition and a regulatory…

4 years ago

Blackstone makes sweetened $6.2 bln play for Australia’s Crown

Investment giant Blackstone Group Inc (BX.N) made a $6.2 billion approach for troubled Australian casino firm Crown Resorts Ltd (CWN.AX), sweetening an earlier…

4 years ago

Asia sits out equities rally as Alibaba slides

Asian shares sat out a global rally on Friday as disappointing earnings from Chinese e-commerce giant Alibaba reinforced worry about…

4 years ago

Nvidia forecasts upbeat revenue on metaverse hopes

Nvidia Corp (NVDA.O) forecast fourth-quarter revenue above analysts' expectations on Wednesday, betting on growth in its data center business as more internet…

4 years ago

Inflation fears but Turkey likely still in rate-cut mode

European gas prices have resumed their climb and are up 60% so far in November , while Wednesday's data showed…

4 years ago